[June 01, 2011]

Philips Lumileds and Future Electronics Extend Worldwide Exclusive Agreement

Philips (News - Alert) Lumileds and Future Electronics today announced the extension of their exclusive worldwide distribution relationship. The new five-year agreement builds on the decade long relationship that has enabled the development of solid-state lighting solutions worldwide.

"Our exclusive partnership with Philips Lumileds has provided our customers with access to the world's leading portfolio of LEDs for illumination-LUXEON. Our investment in resources, training, design tools, and best-in-class supply chain capabilities has enabled us to become the service leader in the solid-state lighting industry," said Jamie Singerman, Corporate Vice-President, Future Lighting Solutions.

"Future Lighting Solutions has proven over the last decade that with LUXEON LEDs, highly trained LED solution engineers, and the core services of a global solutions provider, they are well positioned to support and enable the growing number of companies that want to enter the solid-state lighting industry," said Steve Barlow, Sr. Vice President of Sales and Marketing at Philips Lumileds.

Complete information about LUXEON LEDs, complementary infrastructure and solution approaches for illumination can be found at the Future Lighting Solutions website, www.futurelghtingsolutions.com. Information about Philips Lumileds and LUXEON LEDs can be found at www.philipslumileds.com.

About Philips Lumileds

Philips Lumileds is a leading provider of LEDs for illumination solutions. The company's leading quality of light, light output, efficacy and thermal management are direct results of the ongoing commitment to advancing solid-state lighting technology and enabling lighting solutions that are more environmentally friendly, help reduce CO₂ emissions and reduce the need for power plant expansion. Philips Lumileds' LUXEON LEDs are enabling new solutions for shop, outdoor, office, school, and home lighting applications. More information about the company's LUXEON LED products and solid-state lighting technologies can be found at www.philipslumileds.com.

About Future Lighting Solutions

Future Lighting Solutions (www.futurelightingsolutions.com) is a leading provider of LED lighting total solution components and support services for solid-state lighting products and installations, including engineering expertise, concept development, full system solutions and more than 25 different online tools that accelerate quality application development. The company is a division of Future Electronics.

About Royal Philips Electronics (News - Alert)

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs about 117,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare.

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